If the absolute value of your calculated t-statistic exceeds the critical value from the standard normal distribution you can
A)safely assume that your regression results are significant.
B)reject the null hypothesis.
C)reject the assumption that the error terms are homoskedastic.
D)conclude that most of the actual values are very close to the regression line.

Question

Quizplus · Accepted Answer

The critical value from the standard normal distribution represents the level of significance chosen for the hypothesis test. If the absolute value of the calculated t-statistic exceeds this critical value, it indicates that the calculated result is unlikely to happen by chance alone, and we can reject the null hypothesis, which usually states that there is no significant relationship between the independent variable(s) and the dependent variable. Therefore, option B is the best choice. The other options are not directly related or do not follow from the t-statistic being significant.

If the Absolute Value of Your Calculated T-Statistic Exceeds the Critical